AON vs KNSL: Correlation
How closely do Aon plc (AON) and Kinsale Capital Group, Inc. (KNSL) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AON and KNSL?
Across a 3-year window, the weekly returns of AON and KNSL correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 399.3 %².
Among the 32 assets we track against AON, KNSL ranks #10 by 3-year correlation. Over the last 12 months AON came out ahead by 11.3 percentage points (-4.6% against -15.9%). Note the risk asymmetry: KNSL runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AON vs KNSL: side by side
| AON (Aon plc) | KNSL (Kinsale Capital Group, Inc.) | |
|---|---|---|
| 1-year return | -4.6% | -15.9% |
| 5-year return | +27.0% | +110.8% |
| Volatility (ann.) | 21.7% | 37.5% |
| Beta vs S&P 500 | 0.34 | 0.36 |
| Max drawdown (3Y) | -24.2% | -46.8% |
| Market cap | $74.2B | $8.7B |
| P/E (trailing) | 19.5 | 15.7 |
| Dividend yield | 0.86% | 0.22% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AON | KNSL |
|---|---|---|
| 2022 | +0.6% | +10.2% |
| 2023 | -2.3% | +28.3% |
| 2024 | +24.5% | +39.1% |
| 2025 | -1.2% | -15.8% |
| 2026 | -0.5% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AON and KNSL good diversifiers for each other?
Reasonably. At 0.49, AON and KNSL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AON and KNSL?
As of 2026-08-27, the correlation of weekly returns between AON and KNSL is 0.49 over 3 years, 0.47 over 1 year and 0.41 over 5 years.
Is KNSL a good diversifier for AON?
Reasonably. At 0.49, AON and KNSL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AON correlations · KNSL correlations
